Thursday, October 30, 2008

Madonna’s messy divorce a hot topic in London property circles

Over the years the Material Girl developed into something of a real estate mogul, collecting an impressive portfolio of properties in London, New York and Beverly Hills. Industry executives are already speculating that some of those properties may hit the open market, depending on what happens in the wake of the settlement with her soon-to-be-ex hubby, director Guy Ritchie.

The couple reportedly owns five buildings in London, plus Ashcombe House, a Georgian mansion on 1,200 acres in Wiltshire. Their portfolio also includes a building in London’s West End used as a Kabbalah headquarters. A partial list of the couple’s properties can be found here.

If it went on the market, Ashcombe might be the big prize. The estate could attract more than €25 million, property agents say.

“We look forward to hearing from Guy or Madonna if they are interested in selling,” estate agent Mark McAndrew of Strutt & Parker told the London Times.

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